Linc Resources is the other ur probably thinking of. It always traded at a large discount too.
Cash flow is the constant challenge. Industrial LICs have the luxury of dividends, and most smaller LICs are more actively managed.
The likes of DGR rarely get divs and a much longer gestation period (ie. don't trade, wait out the exploration process), and with 20% or more of most their investments a heavy liquidity discount is warranted.
Ann: DGR Group Business Update, page-39
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.61M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $1.588K | 158.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 185236 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1983333 | 3 |
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| Last trade - 14.51pm 29/11/2024 (20 minute delay) ? |
| DGR (ASX) Chart |
